Practice question
Unless the bylaws prescribe longer, how long before a regular stockholder meeting does Section49 require closure of the stock and transfer book?
- At least twenty days
- Only one minute
- Exactly one year in every case
- No closure period
- Only after the meeting ends
Legal references
- RA11232 Revised Corporation Code: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html Sections49 and51.
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